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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Illimity Bank S.p.A.    ILTY   IT0005359192

ILLIMITY BANK S.P.A.

(ILTY)
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illimity Bank S p A : completes its share buyback program serving its Long Term Incentive Plan (LTIP)

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08/10/2020 | 02:39pm EDT

ILLIMITY COMPLETES ITS SHARE BUYBACK PROGRAM SERVING ITS LONG TERM

INCENTIVE PLAN (LTIP)

Milan, 10 August 2020 - illimity Bank S.p.A. ("illimity" or the "Bank") informs it has completed the share buyback program ("Buyback") announced last 5 August. By means of the authorized intermediary appointed according the applicable law, all the maximum no. 87,951 illimity shares provided under the Buyback have been purchased, exclusively on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. ("MTA") in compliance with the limits of the authorization granted by the Shareholders' Meeting held on 22 April 2020 and with the provisions of applicable law, for a total disbursement of euro 736,322.97; the treasury shares purchased within the Buyback will serve the Long Term Incentive Plan.

Following the purchases realized and taking into account the treasury shares already owned, as of today illimity owns 98,505 treasury shares, equal to ca. 0.15% of its share capital. The Bank's subsidiaries do not hold shares in the Bank.

On the basis of information provided by the intermediary appointed for the repurchase of the shares, please find the aggregate data of the daily purchases of treasury shares on the MTA reported below:

Date

Number of ordinary shares purchased

Average price

Total

(dd/mm/yy)

(euro)*

disbursement

(euro)*

06.08.2020

36,000

8.4564

304,430.64

07.08.2020

27,506

8.2669

227,390.11

10.08.2020

24,445

8.3658

204,502.22

* Including trading fees

On the basis of information provided by the intermediary appointed for the repurchase of the shares, please also find, attached to this press release, the details of the purchase transactions carried out on the MTA during the Buyback.

For further information on the Buyback please see the press release of last 5 August, available to the public on the website www.illimity.com, Section "Investor Relations / Press Releases".

***

For further information:

Investor Relations

Silvia Benzi: +39.349.7846537 - +44.7741.464948 - silvia.benzi@illimity.com

Press & Communication illimity Isabella Falautano, Francesca D'Amico +39.340.1989762 press@illimity.com

Sara Balzarotti, Ad Hoc Communication Advisors +39.335.1415584 sara.balzarotti@ahca.it

1

illimity Bank S.p.A.

illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform, neprix, provides digital direct banking services through illimitybank.com and, with illimity SGR, over the next few months will set up and manage the first Alternative Investment Fund for corporate loans. The story of illimity began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two, giving rise to "illimity Bank S.p.A." which began trading on Borsa Italiana's MTA exchange on 5 March 2019 (ticker "ILTY"). The banking group, headquartered in Milan, can already count on 500 employees and closed its first year of activity with assets of 3 billion euro.

***

2

Details of purchase transactions for each trading day

Quantity

Price

Transaction date

Execution time

Total disbursement

(dd/mm/yy)

(CET)

(euro)*

500

8,49000

06/08/2020

09:13:32

4.253,49

1500

8,50000

06/08/2020

09:13:32

12.775,50

1000

8,50000

06/08/2020

09:18:55

8.517,00

200

8,44000

06/08/2020

09:24:20

1.691,38

1300

8,44000

06/08/2020

09:24:20

10.993,94

14

8,38000

06/08/2020

09:30:00

117,55

1393

8,38000

06/08/2020

09:40:28

11.696,69

1500

8,38000

06/08/2020

10:44:50

12.595,14

1

8,42000

06/08/2020

11:05:04

8,44

200

8,42000

06/08/2020

11:05:04

1.687,37

799

8,42000

06/08/2020

11:05:30

6.741,04

900

8,47000

06/08/2020

12:27:00

7.638,25

500

8,47000

06/08/2020

12:27:40

4.243,47

600

8,47000

06/08/2020

12:28:21

5.092,16

770

8,43000

06/08/2020

12:37:27

6.504,08

730

8,43000

06/08/2020

12:37:27

6.166,21

2000

8,41000

06/08/2020

12:51:38

16.853,64

500

8,40000

06/08/2020

12:51:38

4.208,40

1000

8,40000

06/08/2020

12:51:38

8.416,80

800

8,39000

06/08/2020

12:51:38

6.725,42

200

8,39000

06/08/2020

12:51:38

1.681,36

1000

8,38000

06/08/2020

12:51:44

8.396,76

370

8,40000

06/08/2020

13:14:48

3.114,22

584

8,40000

06/08/2020

13:14:48

4.915,41

353

8,45000

06/08/2020

15:30:46

2.988,82

647

8,45000

06/08/2020

15:30:46

5.478,08

288

8,41000

06/08/2020

15:38:50

2.426,92

3

165

8,41000

06/08/2020

15:41:07

1.390,43

35

8,41000

06/08/2020

15:45:34

294,94

558

8,41000

06/08/2020

15:46:39

4.702,17

153

8,47000

06/08/2020

16:03:30

1.298,50

142

8,47000

06/08/2020

16:03:30

1.205,15

450

8,47000

06/08/2020

16:03:30

3.819,12

255

8,47000

06/08/2020

16:03:30

2.164,17

140

8,46000

06/08/2020

16:33:50

1.186,77

600

8,46000

06/08/2020

16:34:34

5.086,15

200

8,46000

06/08/2020

16:34:52

1.695,38

500

8,46000

06/08/2020

16:35:14

4.238,46

560

8,46000

06/08/2020

16:36:28

4.747,08

269

8,44000

06/08/2020

16:36:30

2.274,90

1000

8,45000

06/08/2020

16:50:28

8.466,90

152

8,44000

06/08/2020

16:50:58

1.285,45

800

8,44000

06/08/2020

16:50:58

6.765,50

779

8,44000

06/08/2020

16:50:58

6.587,91

715

8,43000

06/08/2020

16:51:33

6.039,50

285

8,43000

06/08/2020

16:51:33

2.407,36

904

8,41000

06/08/2020

16:54:59

7.617,85

154

8,43000

06/08/2020

16:57:39

1.300,82

264

8,43000

06/08/2020

16:57:39

2.229,97

201

8,47000

06/08/2020

17:11:14

1.705,87

564

8,47000

06/08/2020

17:11:14

4.786,63

386

8,49000

06/08/2020

17:11:43

3.283,69

2614

8,49000

06/08/2020

17:11:43

22.237,25

2

8,49000

06/08/2020

17:16:25

17,01

500

8,50000

06/08/2020

17:17:11

4.258,50

500

8,50000

06/08/2020

17:17:11

4.258,50

504

8,49000

06/08/2020

17:18:41

4.287,52

4

357

8,42000

06/08/2020

17:27:47

3.011,95

643

8,42000

06/08/2020

17:28:34

5.424,89

202

8,41000

06/08/2020

17:28:34

1.702,22

500

8,41000

06/08/2020

17:28:34

4.213,41

298

8,41000

06/08/2020

17:28:36

2.511,19

840

8,35000

07/08/2020

09:06:38

7.028,03

160

8,35000

07/08/2020

09:06:38

1.338,67

319

8,33000

07/08/2020

09:07:14

2.662,58

454

8,33000

07/08/2020

09:07:15

3.789,38

227

8,33000

07/08/2020

09:07:21

1.894,69

500

8,36000

07/08/2020

09:45:30

4.188,36

400

8,36000

07/08/2020

09:45:30

3.350,69

100

8,36000

07/08/2020

09:45:30

837,67

1000

8,34000

07/08/2020

09:57:42

8.356,68

1349

8,33000

07/08/2020

09:57:42

11.259,64

651

8,33000

07/08/2020

09:57:45

5.433,68

314

8,33000

07/08/2020

10:14:04

2.620,85

93

8,33000

07/08/2020

10:15:56

776,24

250

8,33000

07/08/2020

10:18:35

2.086,67

343

8,33000

07/08/2020

10:18:35

2.862,90

151

8,31000

07/08/2020

10:26:23

1.257,32

1849

8,31000

07/08/2020

10:26:23

15.395,92

1000

8,21000

07/08/2020

11:03:03

8.226,42

347

8,06000

07/08/2020

11:09:01

2.802,41

50

8,19000

07/08/2020

11:33:26

410,32

500

8,21000

07/08/2020

11:33:26

4.113,21

450

8,22000

07/08/2020

11:33:26

3.706,40

400

8,15000

07/08/2020

11:56:47

3.266,52

600

8,15000

07/08/2020

11:59:01

4.899,78

2000

8,13000

07/08/2020

12:53:28

16.292,52

5

1000

8,12000

07/08/2020

12:59:24

8.136,24

911

8,16000

07/08/2020

13:50:58

7.448,63

226

8,16000

07/08/2020

14:03:59

1.847,85

108

8,16000

07/08/2020

14:16:06

883,04

620

8,16000

07/08/2020

14:16:09

5.069,32

135

8,16000

07/08/2020

14:20:34

1.103,80

865

8,16000

07/08/2020

14:20:34

7.072,52

135

8,16000

07/08/2020

15:04:24

1.103,80

1604

8,15000

07/08/2020

15:04:24

13.098,75

181

8,15000

07/08/2020

15:04:24

1.478,10

10

8,13000

07/08/2020

15:09:49

81,46

350

8,26000

07/08/2020

15:59:20

2.896,78

518

8,26000

07/08/2020

15:59:20

4.287,24

56

8,26000

07/08/2020

15:59:20

463,49

522

8,24000

07/08/2020

16:15:21

4.309,88

64

8,29000

07/08/2020

16:16:43

531,62

305

8,29000

07/08/2020

16:16:43

2.533,51

613

8,29000

07/08/2020

16:16:43

5.091,93

18

8,29000

07/08/2020

16:16:43

149,52

970

8,30000

07/08/2020

16:33:17

8.067,10

80

8,30000

07/08/2020

16:33:17

665,33

1000

8,30000

07/08/2020

16:33:17

8.316,60

183

8,30000

07/08/2020

16:33:17

1.521,94

797

8,32000

07/08/2020

17:08:00

6.644,30

203

8,32000

07/08/2020

17:08:00

1.692,34

27

8,33000

07/08/2020

17:14:47

225,36

10

8,33000

07/08/2020

17:14:47

83,47

400

8,32000

07/08/2020

17:23:11

3.334,66

154

8,32000

07/08/2020

17:23:11

1.283,84

88

8,32000

07/08/2020

17:23:11

733,62

6

500

8,32000

07/08/2020

17:23:48

4.168,32

14

8,30000

07/08/2020

17:29:44

116,43

15

8,30000

07/08/2020

17:29:50

124,75

477

8,30000

07/08/2020

17:29:56

3.967,02

240

8,32000

10/08/2020

13:58:19

2.000,79

500

8,32000

10/08/2020

13:58:19

4.168,32

144

8,32000

10/08/2020

13:58:19

1.200,48

500

8,32000

10/08/2020

14:30:31

4.168,32

60

8,32000

10/08/2020

14:50:28

500,20

509

8,36000

10/08/2020

15:37:11

4.263,75

15

8,36000

10/08/2020

15:37:11

125,65

1000

8,36000

10/08/2020

15:37:11

8.376,72

500

8,37000

10/08/2020

16:01:53

4.193,37

85

8,37000

10/08/2020

16:01:53

712,87

500

8,37000

10/08/2020

16:02:24

4.193,37

1387

8,36000

10/08/2020

16:22:57

11.618,51

1750

8,35000

10/08/2020

16:35:13

14.641,73

164

8,35000

10/08/2020

16:35:13

1.372,14

300

8,35000

10/08/2020

16:45:38

2.510,01

1536

8,35000

10/08/2020

16:52:25

12.851,25

64

8,35000

10/08/2020

16:52:25

535,47

1600

8,35000

10/08/2020

16:52:25

13.386,72

86

8,35000

10/08/2020

16:52:25

719,54

150

8,35000

10/08/2020

16:52:25

1.255,01

305

8,35000

10/08/2020

16:52:25

2.551,84

173

8,35000

10/08/2020

17:01:59

1.447,44

1372

8,35000

10/08/2020

17:02:41

11.479,11

1750

8,35000

10/08/2020

17:02:41

14.641,73

2669

8,35000

10/08/2020

17:02:41

22.330,72

4165

8,35000

10/08/2020

17:02:41

34.847,31

7

2445

8,34000

10/08/2020

17:02:41

20.432,08

476

8,34000

10/08/2020

17:02:41

3.977,78

* Including trading fees

8

Disclaimer

illimity Bank S.p.A. published this content on 10 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2020 18:38:02 UTC


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Financials
Sales 2020 162 M 192 M 192 M
Net income 2020 30,4 M 36,1 M 36,1 M
Net Debt 2020 - - -
P/E ratio 2020 18,4x
Yield 2020 -
Capitalization 566 M 669 M 670 M
Capi. / Sales 2020 3,49x
Capi. / Sales 2021 2,30x
Nbr of Employees 514
Free-Float 87,2%
Chart ILLIMITY BANK S.P.A.
Duration : Period :
illimity Bank S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ILLIMITY BANK S.P.A.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 10,45 €
Last Close Price 8,56 €
Spread / Highest target 22,7%
Spread / Average Target 22,1%
Spread / Lowest Target 21,5%
EPS Revisions
Managers
NameTitle
Corrado Passera Chief Executive Officer & Director
Rosalba Casiraghi Chairman
Francesco Renato Mele Chief Financial Officer
Massimo Brambilla Director
Maurizia Squinzi Independent Director
Sector and Competitors